Wealthsimple Review 2022: Can You Buy Dogecoin On Wealthsimple

What is Wealthsimple?

Wealthsimple is a simple to use Canadian online investing, stock plus crypto trading web app that sets itself apart from the competition by charging absolutely no fees. 

A Toronto, Ontario based fintech company founded in the Fall twenty fourteen exclusively as a robo advisor automated trading platform named Wealthsimple Invest, it has changed considerably over the past eight years to include Wealthsimple Trade, a no fees discount brokerage service.

Does Wealthsimple Trade Charge Fees?

Wealthsimple Trade lets consumers to trade individual stocks and ETFs without paying any fees. The exception is when trading securities that are denominated in USD. In which case, they do charge a nominal currency conversion fee when buying and selling. However, behind us are the days of paying Upwards of $7 per each trade with digital discount brokerages as was expected a couple years ago.

Exactly How Much Money do I Need to Have to Get Started With Wealthsimple Trade?

Wealthsimple is cool such that they will allow Canadians to make a minimum deposit of just $1. The majority of traditional banks and discount brokerages have quite large min deposit amounts of 1k-5K. This makes it hard for the normal investor to start investing. With Wealthsimple Trade, one doesn’t need to be wealthy to begin trading stocks and ETFs.

So Does Wealthsimple Trade Offer Registered Accounts?

Of course. Wealthsimple Trade has available both CRA registered and non-CRA-registered accounts. One can select between both RRSP and TFSA account types during the setup phase. 

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade has a modern mobile app available on IOS and Google Play. The mobile app makes the signup process and trading of stocks and ETFs simple.

But Is Wealthsimple Trade Secure?

For sure. Wealthsimple Trade is secure. Wealthsimple reports more than 15 billion CAD of Assets Under Management . They have been expanding for more than 7 years and currently employs more than 600 people. The main owner is the publicly traded Canadian company Power Corp of Canada. Weapthsimple Trade is the very first no-fee digital brokerage to operate in Canada.

So How Do I Fund a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly easy to fund your account. Simply connect the app to a chequing or savings account with your Trade account, and then add money to your account in only a few steps. Deposits from banks to Wealthsimple normally take only a few days. Funds can the same way can be withdrawn your chequing or savings accounts using the same method.

Which Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is alternative to Interac e-transfers that allows anyone to quickly and efficiently send cash to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for tax season and file your tax return online for free. It’s advertised to be simple, accurate and always free tax filing.

Wealthsimple Spend – A hybrid pre paid debit card and savings product that lets you to earn 1% cashback on all your everyday purchases, as well as earn a competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which includes a variety of different courses on different topics such as saving, investing, crypto, real estate and much more. 

Every one of the above products, along with Wealthsimple Trade may be accessed in the app and from their site with your Wealthsimple login.

How Should I Get Started With Wealthsimple Trade?

Click here to signup for your Wealthsimple Trade account. For an exclusive registration bonus to our readers you’ll get the equivalent cash value of a random share worth up to $4,500 Canadian once you fund your account.

But What if I Still Have Questions Concerning Can You Buy Dogecoin On Wealthsimple?

If this article hasn’t given you the answers to each of your questions, and you’re still browsing for more specific facts relating to Can You Buy Dogecoin On Wealthsimple, go to the Wealthsimple website to find answers to each your questions.